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End of Quarter Clearance at OFAC: an enforcement action, a related guidance document… oh, and yes, Libyan sanctions regs

Sanctions Compliance Guidance for Instant Payment Systems; Settlement Agreement between OFAC and Tango Card, Inc.; Issuance of Libyan Sanctions Regulations Release date 09/30/2022 Body The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing “Sanctions Compliance Guidance for Instant Payment Systems” which emphasizes the importance of […]

Enforcement doubleheader – two units of Credit Agricole pay up for violating multiple sanctions programs

Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and CA Indosuez Switzerland S.A., and CFM Indosuez Wealth 09/26/2022 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with CA Indosuez Switzerland S.A. (“CAIS”), an indirect subsidiary of […]